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Loan repayments are sucking crucial resources out of poor country budgets, and into the coffers of the rich world.
Just as the liberals believed the poor just needed to adjust their attitudes toward a middle class way of thinking to enable them to succeed, so these agencies believed the superiority of western economic systems and cultures alone could save these poverty stricken countries...
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The lending institutions know these countries debts are so immense that repayment is impossible. The only sure result of their continuance of loaning is profit for themselves.
In their struggle to make repayment countries have been forced to do anything that will lead to immediate profits. Unfortunately, this is often at the cost of long-term damage to the environment, i...
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General points of the essay
The Gap between The Rich And The Poor
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Poor Are Better Than Rich
Do Rich and Poor Districts Spend Alike?
There Should Be No Rich People In The World As Long As There Are Poor People? Discuss.
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gap between rich and poor
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The Income Gap Between Rich and Poor
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